Barclays Capital

Lehman sues Barclays for ill-gotten gains from the purchase of its brokerage

November 17, 2009 - 5:30am | Law aspects | News
Lehman sues Barclays for ill-gotten gains from the purchase of its brokerage

 

Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show.


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Lehman collapse and world crisis happened because Buffett cannot read voice mail

September 16, 2009 - 7:44am | Analytics | News
Lehman collapse and world crisis happened because Buffett cannot read voice mail

In a taped interview with Squawk Box's Becky Quick a prominent billionaire Warren Buffett said he had no regrets about any of the decisions he made over the weekend one year ago in September, 2008, when the financial crisis was at its worst.

One September Friday night Buffett had a telephone call when he was offered to buy AIG's property casualty operation in the range of $20 billion to $25 billion, but he declined the proposal.


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Barclays Capital announces a web portal to offer analytical tools to clients

August 24, 2009 - 2:02pm | Investment industry | News
Barclays Capital announces a web portal to offer analytical tools to clients

Barclays Capital, the investment banking division of Barclays Bank PLC, has launched its web client portal known as Barclays Capital Live. On the portal clients can get access to research, indices, analytics, reporting tools and electronic trading through BARX.

"Our investment in Barclays Capital Live underscores the firm's commitment to providing clients with exceptional intellectual capital and online tools.


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Executive pays at Barclays will increase to nearly £250,000

August 3, 2009 - 2:29am | Banks and internet banks | News
Executive pays at Barclays will increase to nearly £250,000

Bankers at Barclays’ investment bank are set to repeat its performance in the second half of the year and to see their pay and bonuses more than double to nearly £250,000 this year as their division reports bumper profits today. The return of bankers’ bonuses is expected to provoke outrage so soon after the meltdown in the financial system, which prompted the worst recession since the Second World War.


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RBS was deserted by 700 top investment bankers for salary reasons

July 20, 2009 - 5:48am | Banks and internet banks | News
RBS was deserted by 700 top investment bankers for salary reasons

According to the Sunday Times newspaper Sunday report, the Royal Bank of Scotland lost over than 700 top investment bankers to other banks that paid higher salaries and guaranteed bonuses. 

As the Sunday Times reported, rivals, with teams in commodities and fixed income jumping ship, affected bank’s profitable global banking and markets units. 


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Mexico Bank lowers rate to 4.75% to support economy

June 19, 2009 - 4:33pm | Banks and internet banks | News
Mexico Bank lowers rate to 4.75% to support economy

Mexico’s central bank cut its benchmark interest rate for a sixth consecutive month in a bid to bolster the country’s flagging economy, and said it would soon stop lowering borrowing costs. The bank’s five-member board, led by Governor Guillermo Ortiz, lowered the key lending rate a half percentage point to 4.75 %. The board “considers that its easing cycle is close to ending,” the bank said in a statement.


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New executive to manage Barclays Investment Banking in Canada

January 12, 2009 - 3:18am | Banks and internet banks | News
New executive to manage Barclays Investment Banking in Canada

Toronto and Calgary investment banking teams of Barclays Canada will be overseen by the new executive. Barclays Capital last week announced the appointment of Tim Kitchen to Managing Director, Head of Investment Banking, Canada. Kitchen will be based in Calgary and will continue to cover the firm's key Canadian Natural Resources clients. He will report to Joseph Gatto and Ros Stephenson, Co-Heads of Corporate Finance at Barclays Capital.


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Dow will acquire Rohm and Haas in spite of broken deal with Kuwait

December 30, 2008 - 2:44pm | News
Dow will acquire Rohm and Haas in spite of broken deal with Kuwait

As informed by Reuters the analysts at Barclays Capital Sergey Vasnetsov said that Kuwait's decision to terminate a deal with Dow Chemical in order to form a $17.4 billion petrochemical joint venture will unlikely affect Dow Chemical's plan to buy rival Rohm and Haas. The Rohm and Haas acquisition transaction is said to be financed by a one-year syndicated bridge loan and convertible preferred investments by billionaire Warren Buffett's Berkshire Hathaway and the Kuwait investment Authority.


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Barclays Capital fires Lehman Brothers staff

December 19, 2008 - 8:30am | Banks and internet banks | News
Barclays Capital fires Lehman Brothers staff

Barclays Capital, the investment banking branch of Britain's Barclays Plc. is dismissing a report it was delaying the layoffs of 3,500 employees, who have lost their jobs as part of the company’s takeover of Lehman Brothers.

Spokesman of Barclays Capital stated that "These job cuts have already been announced and are part of the integration process of Barclays Capital's acquisition of Lehman Brothers."


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Barclays Capital, a new dealer on Tradeweb CP market

November 26, 2008 - 3:03am | News | Other themes
Barclays Capital, a new dealer on Tradeweb CP market

Barclays Capital became a dealer on Tradeweb's U.S. Commercial Paper marketplace as reported by Tradeweb, a leading provider of online markets for institutional investors and dealers. As a part of the integration of Lehman Brothers' North American businesses with Barclays Capital the latter will be providing clients online access to new issues and inventory, as well as live commentary on the market.


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